I have over $100k in revolving debt (between my wife & I), and yes, we are considering filing bankruptcy. I would rather try and work something out w/ my creditors, like settling for less than amt owed, or having them reduce their rediculously high interest rates or fees but they don't seem to want to work w/ me. I know threatening them w/ BK won't help either... any suggestions? I would rather work something out w/ them than file BK.

There is no law or rule that says they have to agree with anything. Many will not, some have agreements with some credit counseling serivces such as CCC that may help.

Also it depends on how late you are, if you are current in payments, they will never deal, if you are 6 to 12 months late it is likely they will deal better.

I have over $100k in revolving debt (between my wife & I), and yes, we are considering filing bankruptcy. I would rather try and work something out w/ my creditors, like settling for less than amt owed, or having them reduce their rediculously high interest rates or fees but they dont seem to want to work w/ me. I know threatening them w/ BK wont help either...any suggestions? I would rather work something out w/ them than file BK.
We have a few over 30 marks but for the most part everything shows 'pd as agreed' on the credit report. What a shame you can't get help BEFORE your credit goes down the drain... seems you have to prove it to the creditors you are having trouble by letting the accts go 60-90-120 intentionally! Something's off here.

And do remember that settling for less than full, will have a very negative action on your credit report also.

But yes, unless you are well past that 120 day mark, the credit card company will not even think about dealing. As long as it looks to them you are paying and can pay, why should they deal.

But then many will not even deal then, some wait and decide if they are going to sue or not, then in 2 years or so, they may deal if it they don't want to sue

Take the message you posted here and re-write it; attach a list of all your creditors and the amount owed to each one. Close the letter with, "We would rather work something out with you than file bankruptcy." Record their responses as received as either "yes" or "no" as to whether you should either file or work something out; give them a voice in your decision.